Startups

The world’s richest woman dies at the age of 94

Liliane Bettencourt, the world’s richest woman and the heiress to the L’Oreal cosmetics brand, has died at the age of 94.

Bettencourt was born in Paris in 1922 and her father Eugene Schueller founded L’Oreal, one of the most recognizable brand names in the world. At the age of 15, she joined her father’s company and would spend her time labeling shampoo bottles and mixing cosmetics. In 1957, when her father died, Bettencourt inherited the company and became a principal shareholder. In recent years, her role at the company had become a passive one due to her dementia.

Also Read: Bill Gates is the richest man in the world, yet again!

At the time of her death, she held a 33% stake in the company and had a net worth of $39.5 billion. In this year’s World’s Richest List, Forbes placed her at the 14th spot right below Google co-founder Sergey Brin and Larry Page. With a net worth of $39.5 billion, Lilian Bettencourt was richer than business magnates like Jack Ma, Steve Balmer, and Michael Dell.

Moreover, she was also the richest woman in the world.

Upon her death, Alice Walton, Walmart heiress, becomes the richest woman in the world with a net worth of $33.8 billion. Even though she does not work at Walmart, Alice Walton’s net worth comes from her shares in her family’s chain of retail stores. She is more of an Arts person herself and her personal art collection is said to be worth hundreds of millions of dollars.

Jacqueline Mars, with a net worth of $27 billion, now becomes the second richest woman. She is the granddaughter of Frank C. Mars – the founder of popular Chocolate company Mars. She worked at Mars for 20 years, served on its board until 2016, and now owns one-third of Mars.

Also Read: For the first time, the world’s 100 richest tech billionaires are worth over $1 trillion

[Image Source Telegraph, Forbes]

Sponsored
Maryam Dodhy

I love bringing to light stories of extraordinary people working in Pakistan's tech and startup industry. You can reach out to me through maryamdodhy@techjuice.pk.

Share
Published by
Maryam Dodhy

Recent Posts

Apple iPhone 16 Pro Max vs Google Pixel 9 Pro XL ; Key Insights You Need to Know

Apple and Google, two tech giants, have designed their latest offerings to meet the needs…

25 mins ago

What’s New in iOS 18.2.1? Here’s What You Should Know

iOS 18.2 introduces thrilling new features like Visual Intelligence, Image Playground, and upgraded writing tools.…

1 hour ago

Federal Govt Official Urges ‘Less’ Internet Use, Only for Important Matters

On Sunday, Syed Sajid Mehdi, Pakistan's Parliamentary Secretary for the Cabinet Division, proposed a solution…

2 hours ago

Federal Government Announces December 25 as Public Holiday

ISLAMABAD: The federal government has declared December 25, 2024, as a public holiday to mark…

2 hours ago

Samsung Terminates Employees Over Galaxy S25 Ultra Images Leak

An early setback occurred for Samsung's much anticipated Galaxy S25 series when unauthorized photographs of…

2 hours ago

NADRA Warns Against Excessive Photocopying of Sensitive Documents

ISLAMABAD: According to a public advisory from the National Database and Registration Authority (NADRA), Pakistani…

3 hours ago